Commonwealth Equity Services LLC Sells 10,413 Shares of Domino’s Pizza Inc $DPZ

Commonwealth Equity Services LLC reduced its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 59.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,103 shares of the restaurant operator’s stock after selling 10,413 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Domino’s Pizza were worth $2,960,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DPZ. Jump Financial LLC bought a new stake in shares of Domino’s Pizza in the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario grew its position in shares of Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after buying an additional 647 shares during the last quarter. Sei Investments Co. grew its position in shares of Domino’s Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after buying an additional 14,452 shares during the last quarter. Glenview Trust co grew its position in shares of Domino’s Pizza by 36.9% in the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after buying an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC grew its position in shares of Domino’s Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after buying an additional 195 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Domino’s Pizza Trading Up 1.3%

Shares of NASDAQ:DPZ opened at $317.69 on Wednesday. The stock has a fifty day simple moving average of $337.58 and a two-hundred day simple moving average of $381.23. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.46 and a beta of 0.97. Domino’s Pizza Inc has a 12-month low of $297.48 and a 12-month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The company had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $4.33 EPS. As a group, equities research analysts predict that Domino’s Pizza Inc will post 19.07 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. Domino’s Pizza’s payout ratio is presently 45.83%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DPZ shares. Jefferies Financial Group cut their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Citigroup cut their price objective on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 28th. BMO Capital Markets cut their price objective on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. William Blair set a $540.00 price target on Domino’s Pizza in a research report on Monday, February 23rd. Finally, Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research report on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $418.13.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand?crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.